Notices to Members

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Notice I-22-05

February 01, 2022

Extension of relief from the on-site annual inspection of branch offices and guaranteed IBs

Due to COVID-19, NFA allowed Members to conduct all calendar year 2020 and 2021 annual inspections of branch offices and guaranteed introducing brokers (IB) remotely (see Notices to Members I-20-35 and I-21-25). NFA is extending the relief provided in Notices I-20-35 and I-21-25 through the end of 2022. Although Members must conduct the required annual inspection of each branch office and guaranteed IB by December 31, 2022, firms may conduct these inspections remotely. A Member that conducts a remote examination in 2022 based on this relief may still conduct a remote examination in 2023 if its risk assessment indicates it is appropriate to do so. This risk assessment should take into account when the firm most recently conducted an on-site exam.

If you have any questions on this relief, please contact Valerie O'Malley, Director, Futures Compliance (312-781-1290 or vomalley@nfa.futures.org).

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